GBPUSD UPDATE

Idea is based on a combination of Elliot wave theory and median line analysis. Chart contains all reasoning behind this setup along with a target and stop loss. Good Luck. If you trade acoording to this idea please do so on your own responsibility. This Idea is a mere reflection of my own point of view.

GU has been tricky. I don't use EW's but a sort of measured moves with ML's (+ ForceFollower's method of 50% S/R level). Applying this to GU, 1.68 makes for a key level. If it acts as resistance, 1.65/66 is the target, if 1.68 acts as support, 1.695 is the target.